Overview / Commentary
First Choice Federal Credit Union is headquartered in New Castle and is the 121st largest credit union in the state of Pennsylvania. It is also the 2,407th largest credit union in the nation. It was established in 1952 and as of December of 2019, it had grown to 11 employees and 6,890 members at 2 locations. First Choice Federal Credit Union has a B health rating.
Field of Membership Restrictions
First Choice Federal Credit Union is open to those who live, work, attend school or church, or volunteer in Lawrence County. Membership also extends to immediate family, and Select Employee Groups (must contact credit union for a list of Member Companies).
See current membership details
Health
B
Data as of Q4 2019
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. First Choice Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 8229 |
| Year Chartered | 1952 |
| Employees | 11 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.71% |
| Return on Equity - YTD | 7.89% |
| Annual Interest Income | $1.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $45.9MM$44.0MM |
| Loans | Q4 2019vs Q4 2018 | $36.4MM$32.6MM |
| Deposits | Q4 2019vs Q4 2018 | $41.7MM$40.2MM |
| Equity Capital | Q4 2019vs Q4 2018 | $4.1MM$3.8MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $179.00K$156.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $131.00K$165.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |